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You plan to retire in 4 5 years and would like to be able to spend $ 4 , 0 0 0 a month (
You plan to retire in years and would like to be able to spend $ a month at the end of every month in retirement, and you estimate that you will live for years in retirement. How much do you need to save per month end of every month between now and retirement to meet your goal?
a Assume interest rate
i $
ii $
iii. $
iv $
b Assume interest rate
i $
ii $
iii. $
iv $
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